Sharp increase in food prices pushes inflation up

[FOOLS_NIGHTMARE]

Inflation measured through the Sensitive Price Index (SPI) posted an increase of 0.08 per cent for the week ended on January 6 driven by a sharp increase in the prices of essential food and non-food items, data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

The PBS data showed that SPI-based inflation posted a positive growth after a decline past week. In November, the highest jump of 1.81pc in weekly inflation was recorded.

For the lowest income group earning below Rs17,732 per month, the SPI decreased by 0.28pc and for the group earning above Rs44,175, it increased by 0.22pc.

The overall increase was mainly due to an increase of 5.23pc in potato price, followed by chicken 4.45pc, bananas 2.56pc, onions 2.12pc, pulse masoor 1.55pc, pulse gram 1.46pc and pulse mash 1.44pc. In non-food items, price of diesel and salt increased by 2.75pc each, petrol 2.68pc and match box 1.45pc.

The items whose prices decreased during the week included tomatoes 18.28pc, chilies powdered 14.54pc, eggs 2.23pc, LPG 0.96pc, rice Irri 0.17pc, wheat flour 0.06pc and mustard oil 0.05pc. During the week, out of 51 items, prices of 25 items increased, seven items decreased and 19 items remained constant.

Sharp increase in food prices pushes inflation up

PBS data shows SPI-based inflation posted a positive growth after a decline past week

www.dawn.com

 

[muhammadhafeezmalik]

https://twitter.com/x/status/1483553413258485760

 

[xuxu1457]

https://twitter.com/x/status/1483553413258485760

Turkey cpi 36%

 

[Darth Vader]

Biggest issue in Pakistan is quality control, local brands openly & knowingly make bad product and re-sell at high prices and middle class ends up going with imported items.

And you dont see actual steps being taken by state against this, Pakistan has to stop its habit of importing garbags and make it in house.
Import things which actually matter

 

[muhammadhafeezmalik]

Turkey cpi 36%

Turkey raised its minimum wage by 50 percent starting January 1, 2022.

Turkey Raises Minimum Wage Sharply to Offset Higher Prices

www.bloomberg.com

 

[Mentee]

Afaik we grow a large chunk of our agricultural produce domestically so why are we witnessing a massive surge wrt aataa Sabzi price ?

 

[xuxu1457]

Turkey raised its minimum wage by 50 percent starting January 1, 2022.

Turkey Raises Minimum Wage Sharply to Offset Higher Prices

www.bloomberg.com

Drink poison to quench thirst
An old Chinese saying: governing a big country is like frying a small fish. You can't turn it over often.
National security, political, economic and social stability are very important.

 

[muhammadhafeezmalik]

Afaik we grow a large chunk of our agricultural produce domestically so why are we witnessing a massive surge wrt aataa Sabzi price ?

Mismanagement and Corruption.

جب آپ کا وزیر اعظم چور ہوتا ہے تو مہنگائی ہوتی ہے ~ مہاتما نیازی

 

[Patriot forever]

Afaik we grow a large chunk of our agricultural produce domestically so why are we witnessing a massive surge wrt aataa Sabzi price ?

Well we do import DAP, insecticides, prices of which have increased by 100 % internationally.

Fuel prices also contribute.

Apart from that vegetable prices has been quite stable recently ( in fact on the lower side).

3kg potato for 100 rupees.
4kg tomotoes for 100 rupees.
2 1/2 kg onions for 100 rupees.
Chicken prices are like 210 Rs / kg live bird.
Carrots 5kg for 100 rupees.

Atta is expensive though in Karachi as compared to rest of country.

Kitchen items’ prices ease as SPI goes down 0.43 percent
By
News desk
-
January 16, 2022

The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on January 13, for the combined consumption group, witnessed decrease of 0.43 percent as compared to the previous week, Pakistan Bureau of Statistics (PBS) reported.
The SPI for the week under review in the above mentioned group was recorded at 167.39 points against 168.12 points registered in the previous week, according to the PBS data.
The food commodities that contributed in decline in weekly inflation included Chicken, the prices of which declined by 3.40%, on Week-on-Week (WoW) basis.
Other food commodities that witnessed decline in prices included potatoes (1.65%), tomatoes (1.26%), wheat flour (0.61%), garlic (0.47%), sugar (0.17%) and curd (0.16%). Among non-food items, the prices of LPG went down by 1.15% during the week.
On Year-on-Year basis, the commodities that witnessed decrease in prices included tomatoes (40.82%), pulse moong (25.37%), chillies powdered (6.71%) and sugar (0.40%).
Meanwhile, the commodities that witnessed increase on WoW basis, included onions (14.65%), bananas (1.51%), firewood (1.30%) and match box (1.14%).—APP

Kitchen items’ prices ease as SPI goes down 0.43 percent - Pakistan Observer

Kitchen items’ prices ease as SPI goes down 0.43 percent % The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on January 13,

pakobserver.net

 

[Mentee]

3kg potato for 100 rupees.
4kg tomotoes for 100 rupees.
2 1/2 kg onions for 100 rupees.
Chicken prices are like 210 Rs / kg live bird.
Carrots 5kg for 100 rupees.

In my area we get veggies and meat at relatively lower prices than the rest of the country becuase of abundance of them Alhamdulillah- -------


while what you have quoted are prolly govt sanctioned Googled figures -------. Carrots are around 50-60 rs/kg and fresh beef around 600rs/kg whereas the rate list in the Butchery reads 450 same is the case with mutton and chicken also

 

[Wood]

https://twitter.com/x/status/1483553413258485760

Argentina's inflation at 51%

 

[Mentee]

Mismanagement and Corruption.

جب آپ کا وزیر اعظم چور ہوتا ہے تو مہنگائی ہوتی ہے ~ مہاتما نیازی

In an ideal world our politcal leaders and the persons responsible for bringing them to power would have been summarily executed after due process of law .

Argentina's inflation at 51%

This logic won't work with my parents that everyone either failed or secured mediocre marks so did i or even with the elite's private businesses but yeah its state treasury So everything seems to be kosher

 

[AZ1]

today rate of chicken 270/kg, egg dozen 180. tomatoes 100/3kg, carrot 100/2.5 kg. Naan 15rs, chapati 12 rs. Sugar 85/kg on. utility store last time.




Inflation is there but not that much as on pdf by london guy threads

 

[Patriot forever]

In my area we get veggies and meat at relatively lower prices than the rest of the country becuase of abundance of them Alhamdulillah- -------


while what you have quoted are prolly govt sanctioned Googled figures -------. Carrots are around 50-60 rs/kg and fresh beef around 600rs/kg whereas the rate list in the Butchery reads 450 same is the case with mutton and chicken also

I am not taking about government sanctioned prices.

The prices I quoted are the prices at the local vegetable market where vender on carts get together and sell produce. I stop buy every week or so to buy some essentials.

The carrot prices you are quoting are too high, there is so much carrot in the market heaps of it. Maybe it depends on area.

 

[AZ1]

Turkey raised its minimum wage by 50 percent starting January 1, 2022.

Turkey Raises Minimum Wage Sharply to Offset Higher Prices

www.bloomberg.com

turkey shift hojao jesay tumhara leader UK shift hogaya